NCsoft Corporation Announces Earnings Results for the Second Quarter and First Half of 2016
August 10, 2016 at 09:30 pm EDT
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NCsoft Corporation announced earnings results for the second quarter and first half of 2016. Second quarter sales increased 11% year-on-year to KRW 240.5 billion as a result of strong performance in the global market from diverse revenue sources. Operating profit posted KRW 86.1 billion, up 28% year-on-year, reflecting the strong top line growth. Pretax income jumped 27% year-on-year to KRW 97.5 billion, and net income grew 56% year-on-year to KRW 90.4 billion.
For the first half of 2016, sales is up by 19%; operating profit, 45%; and net income, 68%. This growth was achieved by expanding geographically within existing titles and developing new revenue sources.
NCSOFT Corp is a Korea-based company principally engaged in the development, production and publication of games. Mobile game products include lineage red knights, final blade, pro baseball h2, lineage m and others. Online game products consist of lineage, lineage 2, alon, blade & soul, guild wars 2, among others. The Company also manages the intellectual property rights of mobile and online games. The Company sells its products within domestic market and to overseas markets.